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Shares of Lululemon fell 11.7 percent yesterday after the upscale yoga clothing-maker said it
expects a key sales figure to be flat in the next quarter and trimmed its outlook for the year.

The weak forecast comes as Lululemon Athletica Inc. looks to bounce back from a series of
embarrassing issues that have battered its image.

Last spring, it pulled a style of its popular yoga pants from store shelves, blaming their
sheerness on production problems.

The company’s founder, Chip Wilson, also angered some customers when he said in a recent
television interview that some women’s bodies “just don’t actually work” for Lululemon pants. He
also said thighs rubbing over time will cause the pants to wear out too quickly.

This week, the Canadian company named a new CEO and said Wilson would step down as chairman.

For the quarter ended Nov. 3, the Canadian company said it earned $66.1 million, or 45 cents per
share. That’s up from $57.3 million, or 39 cents per share, a year ago.

But the company said it now expects revenue for the year to be between $1.605 billion and $1.61
billion. In August, it had said it expected between $1.625 billion and $1.635 billion.

Earnings are now expected to be between $1.94 and $1.96 per share; the company previously
forecast $1.94 to $1.97 per share.

Men’s Wearhouse

Men’s Wearhouse, the retailer that spurned Jos. A. Bank Clothiers as a buyer only to pursue it
as a target, reported fiscal third-quarter earnings that exceeded analysts’ projections as sales
increased.

Net income for the quarter ended Nov. 2 fell to $38.2 million, or 79 cents a share, from $48.8
million, or 95 cents, a year earlier, the Houston-based company said in a statement yesterday.
Earnings on an adjusted basis were 90 cents a share, above the average analyst estimate of 86
cents, according to data compiled by Bloomberg.

Sales in the quarter rose 2.8 percent to $648.9 million, surpassing the $627.4 million average
of analysts’ estimates.

Men’s Wearhouse made a buyout offer of about $1.54 billion for Jos. A. Bank last month, and its
smaller rival has said it’s evaluating the proposal.